Home » Financing » Special Fund & Scheme » Maritime Fund
 
The Financing

1 Purpose of financing
 

To finance the acquisition of all type of brand new/second hand vessels.

To finance the acquisition of land, construction of shipyard infrastructure and its related machinery and equipment.

To finance the acquisition of land, construction of building, plant and machinery of port, bonded warehouse, port yard and haulage for the maritime activities.

To part finance the working capital requirement

Loan refinancing is not allowed


2 Type of Financing
 

Conventional: Term Loan, Revolving Credit, Working Capital, Guarantee

Islamic: Bai Bithman Ajil, Bai Istisna’, Bai Inah, Murabahah Al Dayn, Ijarah, Kafalah


3 Margin of financing
 

Up to 90% of financing


4 Tenure of Financing
 

Maximum 10 years excluding 2 years grace period.

For secondhand vessel, age of vessel must not exceed 20 years at the end of repayment period.


5 Lending Rate
 

4.0% - 6.0% on monthly/quarterly/semi annual rest depending on the applicant’s cashflow sustainability.


6 Target Group
 

Shipping & Shipyard companies

Companies that involve in maritime related activities



Financing Amount
 

Minimum : RM1.0 million (working capital)

RM5.0 million (acquisition of fixed assets)

Maximum : RM500.0 million (Single Customer Limits).



Eligibility
 

Private Limited, Public Company and Co-operatives

Wholly owned by Malaysians and registered in Malaysia.



Enquiry

Maritime 1/2, Business Banking 2
Level 21, Menara Bank Pembangunan (BPMB),
Bandar Wawasan , No.1016 Jalan Sultan Ismail,
P.O. Box 10788, 50724 Kuala Lumpur



Contact No.

2611 3253/3909/3955 / 3373